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In this module, Dr. Raman Methyl from the Faculty of Law at the University of Delhi discusses assignments and licenses in intellectual property (IP). He explains how IP rights can be transferred from owners to others, allowing participation in the exploitation of these works. Licenses and assignments are prevalent in everyday products, such as the Coca-Cola bottle, which involves multiple licensing processes in manufacturing and consumption. Additionally, items like t-shirts featuring popular logos and software also rely on licensing activities to reach consumers. The module aims to clarify the mechanisms through which IP rights are shared and utilized in various industries.